Mid-way through October it’s been determined that third quarter home sales have already increased 26 percent compared to the same time in 2012. It had been predicted that the third quarter home sales for 2013 would jump, but the double-digit increase was a bit unexpected,especially so soon.
Third Quarter Home Sales are Rising! Our Real Estate Agents in Raleigh Can Help You Get Your Home Sold Before 2014!
The jump in sales actually corresponds with the continuing decrease in the number of homes on the market. For instance, according to the News and Observer, “There were 7,972 homes for sale in Durham, Johnston, Orange and Wake counties at the end of September, down 10 percent from the same period a year ago, Triangle Multiple Listing Services data show. The region now has a three-month supply of homes on the market at the current pace of sales.” Our real estate agents in Raleigh are pleased with the rise and are hopeful that the 2013 housing market will go out with a bang!
In September alone, home sales in the Raleigh NC area were up 15 percent from September 2012. Home showings and pending sales were also up 20 percent in September. Home sales in September were up 15 percent compared to the same month last year. Showings were up 10 percent and pending sales increased 20 percent in the month. It's clear the housing market is still looking up.
Though it’s still unclear how the government shutdown affected the housing market, it is predicted that many homeowners are considering putting their home on the market before 2014. It’s been such a great year for those selling their homes in Raleigh, even with the government shutdown, higher interest rates, and other issues throughout the year.
Interest rates are the highest they’ve been in a few years and it’s sparking an interest with home buyers. They feel the need to buy a home now rather than waiting to see what happens.
If you’re a homeowner and feel like now is the right time to sell your home, contact The Roark Premier Team to help you sell your home and find a new one. Our real estate agents in Raleigh guarantee to sell your home in 59 days or less.